Name any one line item that can be shown under the major heading “Assets” in a Company’s Balance Sheet. Post category:Accountancy Reading time:1 mins read SOLUTION Any one of the following:(i) Non-Current Assets.(ii) Current Assets. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostName any one line item that can be shown under the major heading “Equity and Liabilities” in a Company’s Balance Sheet. Next PostName any two sub-line items (sub-headings) under which “Shareholder’s Funds” shall be classified in a Company’s Balance Sheet. You Might Also Like Sandesh Ltd. took over the assets of Rs. 7,00,000 and liabilities of Rs. 2,00,000 from Sanchar Ltd. for a purchase consideration of Rs. 4,59,500. Rs. 8,500 were paid by accepting a draft in favour of Sanchar Ltd. payable after three months and the balance was paid by issue of equity shares of Rs. 10 each at a premium of 10% in favour of Sanchar Ltd.Pass necessary journal entries for the above transactions in the books of Sandesh Ltd. July 14, 2022 Give the two main rights acquired by the new partner. September 26, 2022 A, B and C are partners sharing profits and losses in the ratio of 3 : 2 : 1 respectively. Their Balance Sheet as at 31st March, 2019 is as follows: August 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Sandesh Ltd. took over the assets of Rs. 7,00,000 and liabilities of Rs. 2,00,000 from Sanchar Ltd. for a purchase consideration of Rs. 4,59,500. Rs. 8,500 were paid by accepting a draft in favour of Sanchar Ltd. payable after three months and the balance was paid by issue of equity shares of Rs. 10 each at a premium of 10% in favour of Sanchar Ltd.Pass necessary journal entries for the above transactions in the books of Sandesh Ltd. July 14, 2022
A, B and C are partners sharing profits and losses in the ratio of 3 : 2 : 1 respectively. Their Balance Sheet as at 31st March, 2019 is as follows: August 1, 2022